India overtakes Japan to change into 4th largest financial system: NITI Aayog CEO – OXBIG NEWS NETWORK-OxBig News Network

NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam has stated that India has overtaken Japan to change into the world’s fourth-largest financial system, citing information by the International Monetary Fund.

Addressing a press convention of the tenth NITI Aayog Governing Council Meeting on ‘Viksit Rajya for Viksit Bharat 2047’, Subrahmanyam stated India’s financial system has reached the USD 4 trillion mark.

“We are the fourth largest financial system as I converse. We are a USD 4 trillion financial system as I converse, and this isn’t my information. This is IMF information. India at present is bigger than Japan. It’s solely the United States, China, and Germany that are bigger, and if we persist with, you understand, what’s being deliberate, what’s being thought by, it is a matter of one other two to a few years that we’d change into the third largest financial system,” stated BVR Subrahmanyam, CEO, NITI Aayog.

According to the IMF’s April version of the World Economic Outlook report, the nominal GDP for fiscal 2026 is anticipated to achieve round USD 4,187.017 billion. This is marginally greater than the probably GDP of Japan, which is estimated at USD 4,186.431 billion.

India was the fifth largest financial system on the earth until 2024.

The international monetary physique tasks that India will stay the fastest-growing main financial system over the subsequent two years. India’s financial system is anticipated to develop by 6.2 per cent in 2025 and 6.3 per cent in 2026, sustaining a stable lead over international and regional friends, the April 2025 version of the IMF’s World Economic Outlook added.